The NASDAQ (National Association of Securities Dealers Automated Quotations) is an American stock exchange known for its focus on technology and internet-related companies. It was founded in 1971 by the National Association of Securities Dealers (NASD) as the world's first electronic stock market, pioneering the use of computerized trading systems. Here's a brief history of the NASDAQ index:
1970s and 1980s: The NASDAQ began as a quotation system where brokers and dealers could electronically access price quotes for over-the-counter (OTC) stocks. In 1981, NASDAQ introduced the NASDAQ-100 Index, which comprised 100 of the largest non-financial companies listed on the exchange.
1990s: The 1990s marked a period of significant growth for the NASDAQ. It attracted many technology companies during the dot-com bubble. The NASDAQ Composite Index, which tracks the performance of all the companies listed on the NASDAQ, gained immense popularity.
2000s: The dot-com bubble burst in the early 2000s led to a significant drop in the NASDAQ Composite Index. However, the exchange continued to evolve and gain prominence.
2010s: The NASDAQ became the leading exchange for technology companies, and its Composite Index reached record highs. It was the first exchange to launch an electronic trading platform for cryptocurrencies.
Major Stocks Listed on NASDAQ:
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